1/23/14

Farmers

  • started earlier than the stock market crash because overproduction 
  • so after the stock market crash they could no longer pay off there loans 
  • Causes 
    • overproduction
    • agricultural exports to Europe exploded during the great war
    • high prices before the war was good but after it was very band and they could not pay off the banks
  • New deal programs
    • Agricultural adjustment act (AAA) - payed farmers to make less so prices would remain good
    • Rural electrification act (REA) - gave farmers electricity
    • farm security administration - took pics of farmers to show that they were having it just as hard as the ones in the city also gave farmers money to buy supplies
    • farm tenancy act
    • soil conservation and domestic allotment act - cant tax just one group of people and saved soil conservation

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